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Essay Available:
Pages:
2 pages/≈550 words
Sources:
2 Sources
Level:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
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MS Word
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Topic:

Andrew Carnegie the Businessman (Essay Sample)

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Need paper written showing how Andrew Carnegie used strategic management to create and hold his business. What made him a better business man than others during his time.

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Andrew Carnegie the Businessman
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Andrew Carnegie the Businessman
Andrew Carnegie is idolized for his skill of producing wealth. In 1848, at the age of twelve, he migrated from Scotland together with his poor parents (PBS). While working as a superintendent's private secretary at the Pennsylvania Railroad, he was given an opportunity to buy stock. Soon he got his first dividend and by 1865, he was managing his dividend money. He also left his job at the railroad. This paper discusses how Carnegie used strategic management to create and hold his business.
Carnegie arrived in the United States without a dollar to call his own, but in 1901, he was considered the richest man on earth. At the height of his success, a young journalist known as Napoleon Hill approached him and wanted to know the story of his success. Carnegie recognized a special drive in Napoleon and decided that the journalist should document the strategies, which made him a great businessperson. Together, they pioneered Hill's book titled "Think and Grow Rich," which remains a top-selling book.
The first strategy used by Carnegie was defining his purpose (Hill, 2014). He created a plan of action and started working towards it immediately. As evidence, he never stopped investing after gaining his first income in the form of dividends. The second strategy is creating a "mastermind alliance." Carnegie was a genius in creating perfect p...
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